MHealth is the most advanced and exciting development in ehealth

Publisher: The Insight Partners

According to a new market research study titled ‘mHealth Market to 2025 – Global Analysis and Forecasts by Services, Devices and End User. The global mhealth market is estimated to account for US$ 246,820.4 Mn by 2025 as compared to US$ 22,722.1 Mn in 2017, growing at a CAGR of 31.3% during the forecast period from 2018 to 2025. The report highlights the trends prevalent in the global mhealth market and the factors driving the market along with those that act as restraints to its growth.

The global mhealth market is a matured market in the developed countries and growing in developing economies worldwide. Mobile Health is the most advanced and exciting development in ehealth, which is referred as mHealth. The ongoing progression of wireless communications technology with doubtless help and increasing acceptance of mobile health technologies bring the mHealth initiatives to maturity in the forecast period.  Mobile Health is the most advanced and exciting development which is developed to widely distribute the medical information or health data to patients. Additionally, the timely manner of the delivery of the mhealth services will further increase its demand in the market.

On the basis of services, the market is segmented into remote monitoring services, diagnosis services, treatment services, health support services, fitness & wellness services and others. The remote monitoring services expected to hold the largest share in the forecast period. The remote monitoring services act as a primary and secondary support function which is used to provide secure & real-time monitoring and also helps to deliver a superior end-user experience. Additionally, the services include the web based transactions such as customer logins, purchase and cart order fulfillment, filling of web forms, and other user interactions to the users.

The key players operating in the field of mHealth worldwide include LifeWatch, KONINKLIJKE PHILIPS N.V., Medtronic, Boston Scientific Corporation, athenahealth, Inc., Honeywell Life Care Solutions, Cisco Systems, Inc., OMRON Corporation, Masimo, AgaMatrix, Inc. and among others.